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  1. Rockstar

    What does profit margin tell you in a development feasibility study? Not much?

    This is my self created full time job. I don't receive any income other than rent from the IP's we have held and the houses we have sold. I eased into this from being a landscaper - slaving away for 30k a yr! Actually the work was quite interesting but heavy labouring most of the time. Now the...
  2. Rockstar

    What does profit margin tell you in a development feasibility study? Not much?

    I haven't got a builders licence but I'm a landscaper by trade. I do the following: find sites that stack up financially and comply with council requirements negotiate the contract organise survey plan provide a brief to my architect who provides my house plans assemble and lodge the...
  3. Rockstar

    What does profit margin tell you in a development feasibility study? Not much?

    There are many factors behind being successful in a chosen field and property development is no different. The desire must be strong and sincere enough to take concrete action. If you want to find a mentor you have to seriously look for one. Thinking "why would they bother" is not the attitude...
  4. Rockstar

    What does profit margin tell you in a development feasibility study? Not much?

    If you're fortunate enough to have a mentor with experience then you can fast track this stage. I am advising my chippie/builder at present. He has built 8 houses for me and is currently working on another duplex of ours. He is about to settle on a triplex site which is his first development...
  5. Rockstar

    What does profit margin tell you in a development feasibility study? Not much?

    Thanks Evan, That's right, I don't linger over any spreadsheets. I know the planning code and the market price for my product well enough to decide very quickly whether there is plenty of money to be made. I also know how long the project will take for purchasing, planning, construction and...
  6. Rockstar

    What does profit margin tell you in a development feasibility study? Not much?

    Also need to consider how much time YOU put into the project. You have to pay yourself for your time. A newbie can spend a lot of time on initial ventures because of lack of experience. Whether it is time in planning, accessing finance, finding a builder or time on site project managing. As the...
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